Fortune Minerals Ltd T.FT

Bad news for Canada’s nascent battery industry re IRA

[Allman]

News not negative for Canadian mining and processing, but aside from the EV consumer tax credit, the IRA has a battery manufacturing credit for US located plants which currently doesn't bode well for Canadian located plants. Interesting listen ...

https://driving.ca/column/plugged-in-podcast/plugged-in-bad-news-for-canadas-nascent-battery-industry

[elitespooner]

Maybe the Retail space is getting crowded, couldnt we look at the John Deeres, Volvos, CAT for the big trucks and industrial applications ..?

[red]

For all we know ....we could be already having those discussions and if not them direct, certainly some group that deals with them on these battery matters. What we do know is that it is inevitably coming and much bigger than what it is already today. There is no stopping the train ...we wait

[elitespooner]

maybe we could drill

[red]

Yeah drill home the message... we are ready 

[elitespooner]

well its clear were not ready...

[Yellowknifer69]

Hello and good afternoon FT Longs: Hey Elite Spooner - if it is so clear that the company is not ready, then you should sell your shares (if you have any) and move on?   Only my opinion, but the markets are shaky at best, and our CEO is maybe not the most astute at wrangling a deal at the best of times. As mentioned plenty of times - Fortune Minerals is running on fumes and so

[red]

With financing ES ... we are more ready than any other that I know of or heard of in NA ...besides ELBM who is a bit short of a permited NA deposit. Besides that based on projected demand there is lots of room in the cobalt space fir many more.  ok so bait is taken lol